The Real Estate Attorney has been charged with the safe keeping of client funds for years. In the past the Bar was the only regulatory body that dictated how client funds were to be held, administered and distributed. Since the creation of the Consumer Financial Protection Bureau and the heightened scrutiny over the safe keeping of entrusted funds, there are additional measures that may be coming that increase the security concerning client funds. In this hour, we will explore these new initiatives in this ever changing regulatory environment and the ALTA Best Practice #2 concerning controls and precautions that you should consider for your office.

Keeping secrets is as old as time. Attorneys have long served as confidential advisors that are privy to client’s inner most secrets. In a real estate transaction, the lender, the realtor and the client all supply the real estate attorney with a great deal of financial information about the client. Since the creation of the Consumer Financial Protection Bureau and the heightened scrutiny over the protection of Non-Public Personal information, ALTA Best Practice #3 offers guidance on new ways to protect financial information from threats foreign and domestic. During this hour, we will explore compliant ways to protect confidential information for your client and your practice.

While foreclosures occasioned by the economic crisis of the past few years are by all accounts slowing down, the frequency with which closing attorneys have to deal with issues created on properties which have been foreclosed upon during the crisis continues to increase. This topic will deal with the basic issues that must be identified in any closing on a property which has been foreclosed upon and give particular examples of problems which we have seen occur.

The Consumer Financial Protection Bureau has finalized new rules designed to combine consumer disclosures for residential real estate transactions. This presentation will review the integrated disclosure statement, summarize the key features of the new rule, and offer some insight into what to expect when the new rule goes into effect on August 1, 2015. The integrated disclosure replaces the HUD-1 and the Truth – in – Lending Statement. The new rule will have a significant impact on real estate attorneys, lenders, and their respective staffs. This presentation will help prepare attendees for the evolution of the closing process and the revolution in the world of real estate. Particular attention will be paid to the application of the proposed rules and forms and the unintended consequences related to real estate transactions.

**Note: This course supercedes the course "The New Mechanics' Lien Law in NC;" however, that course remains available for participants who seek additional introductory material.**

The effective date for the new Mechanics' Lien is April 1, 2013.Investors Title Insurance Company and the title industry have been engaged in an on-going process to educate attorneys regarding the changes in the new Mechanics’ Lien Law embodied primarily in Senate Bill 42 from the 2011 Legislative Session.This course assists the attorney in formulating new practices and procedures to ensure that the attorney and the attorney’s clients can fully comply with the requirements and demands of the new legislation.It includes discussion of best practices and procedures including projected title insurance underwriting standards and utilization of new resources to protect the practitioner’s clients more fully, including the new centralized lien registry system.

The course reviews both ALTA and Non-ALTA title insurance endorsements with a specific focus on endorsements available for commercial transactions. Requirements for obtaining endorsements are also discussed.

This course discusses the rules and key concepts associated with trust account, with reference to deposits and disbursements, recordkeeping, and reconciliation. The roles of trustees, personal representatives, and other fiduciaries are considered along with methods of safeguarding client funds from embezzlement. The hour will also look at frequently asked questions that relate to trust account administration.

Title attorneys regularly receive questions regarding the handling of transferring properties held by trusts or being administered in estates. Learn the ins and outs of the legal and practical requirements for those transactions and what the title company will need to know and see to insure those transactions.

The Consumer Financial Protection Bureau (“CFPB”) has been injected as a powerful regulatory force in the lives of every bank in the United States. The additional reality is that everyone deals with banks, so we are all going to be affected by the CFPB’s regulatory activity – whether directly or indirectly. We will spend an hour talking about where the CFPB came from, what it is doing that will affect you, and how to be prepared in the face of this new force that will affect the way that you do business. Banks affect every real estate law practice every day. This hour will provide insight into what they are being told about you, what they are going to ask you, and how you should answer. The Bar will not be the only one telling you how to administer your trust account or how to maintain confidentiality with your clients’ personal information. The CFPB is taking actions that will affect these core responsibilities, and you need to be prepared.

The course reviews both ALTA and Non-ALTA title insurance endorsements with a specific focus on endorsements available for commercial transactions. Requirements for obtaining endorsements are also discussed.

This course discusses the rules and key concepts associated with trust account, with reference to deposits and disbursements, recordkeeping, and reconciliation. The roles of trustees, personal representatives, and other fiduciaries are considered along with methods of safeguarding client funds from embezzlement. The hour will also look at frequently asked questions that relate to trust account administration.

Whether checking for wrongdoing or a simple mistake, the policies and procedures required for compliance with ALTA Best Practice #2 are not only designed to protect client money, they are designed to protect the closing attorney. This course reviews strategies for compliance with ALTA's Best Practice #2.

This course reviews procedures for preparing a HUD-1 settlement statement in ProForm. The best viewing experience is achieved through viewing in 'full screen' mode. Access 'full screen' mode by double-clicking the video or by right-clicking and selecting zoom/full screen.

The Real Estate Attorney has been charged with the safe keeping of client funds for years. In the past the Bar was the only regulatory body that dictated how client funds were to be held, administered and distributed. Since the creation of the Consumer Financial Protection Bureau and the heightened scrutiny over the safe keeping of entrusted funds, there are additional measures that may be coming that increase the security concerning client funds. In this hour, we will explore these new initiatives in this ever changing regulatory environment and the ALTA Best Practice #2 concerning controls and precautions that you should consider for your office.

Keeping secrets is as old as time. Attorneys have long served as confidential advisors that are privy to client’s inner most secrets. In a real estate transaction, the lender, the realtor and the client all supply the real estate attorney with a great deal of financial information about the client. Since the creation of the Consumer Financial Protection Bureau and the heightened scrutiny over the protection of Non-Public Personal information, ALTA Best Practice #3 offers guidance on new ways to protect financial information from threats foreign and domestic. During this hour, we will explore compliant ways to protect confidential information for your client and your practice.

While foreclosures occasioned by the economic crisis of the past few years are by all accounts slowing down, the frequency with which closing attorneys have to deal with issues created on properties which have been foreclosed upon during the crisis continues to increase. This topic will deal with the basic issues that must be identified in any closing on a property which has been foreclosed upon and give particular examples of problems which we have seen occur.

This discussion includes a review of actual case studies from recent title insurance claims with an explanation of the factors which caused the claim, the responsibilities of the various parties in resolving the claim, and suggestions for practices and procedures which are designed to avoid future claims.

The Consumer Financial Protection Bureau has finalized new rules designed to combine consumer disclosures for residential real estate transactions. This presentation will review the integrated disclosure statement, summarize the key features of the new rule, and offer some insight into what to expect when the new rule goes into effect on August 1, 2015. The integrated disclosure replaces the HUD-1 and the Truth – in – Lending Statement. The new rule will have a significant impact on real estate attorneys, lenders, and their respective staffs. This presentation will help prepare attendees for the evolution of the closing process and the revolution in the world of real estate. Particular attention will be paid to the application of the proposed rules and forms and the unintended consequences related to real estate transactions.

**Note: This course supercedes the course "The New Mechanics' Lien Law in NC;" however, that course remains available for participants who seek additional introductory material.**

The effective date for the new Mechanics' Lien is April 1, 2013.Investors Title Insurance Company and the title industry have been engaged in an on-going process to educate attorneys regarding the changes in the new Mechanics’ Lien Law embodied primarily in Senate Bill 42 from the 2011 Legislative Session.This course assists the attorney in formulating new practices and procedures to ensure that the attorney and the attorney’s clients can fully comply with the requirements and demands of the new legislation.It includes discussion of best practices and procedures including projected title insurance underwriting standards and utilization of new resources to protect the practitioner’s clients more fully, including the new centralized lien registry system.

The course reviews both ALTA and Non-ALTA title insurance endorsements with a specific focus on endorsements available for commercial transactions. Requirements for obtaining endorsements are also discussed.

This course discusses the rules and key concepts associated with trust account, with reference to deposits and disbursements, recordkeeping, and reconciliation. The roles of trustees, personal representatives, and other fiduciaries are considered along with methods of safeguarding client funds from embezzlement. The hour will also look at frequently asked questions that relate to trust account administration.

Title attorneys regularly receive questions regarding the handling of transferring properties held by trusts or being administered in estates. Learn the ins and outs of the legal and practical requirements for those transactions and what the title company will need to know and see to insure those transactions.

The Consumer Financial Protection Bureau (“CFPB”) has been injected as a powerful regulatory force in the lives of every bank in the United States. The additional reality is that everyone deals with banks, so we are all going to be affected by the CFPB’s regulatory activity – whether directly or indirectly. We will spend an hour talking about where the CFPB came from, what it is doing that will affect you, and how to be prepared in the face of this new force that will affect the way that you do business. Banks affect every real estate law practice every day. This hour will provide insight into what they are being told about you, what they are going to ask you, and how you should answer. The Bar will not be the only one telling you how to administer your trust account or how to maintain confidentiality with your clients’ personal information. The CFPB is taking actions that will affect these core responsibilities, and you need to be prepared.